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 Oklahoma Statutes (Last Updated: September 18, 2014)
 Title 12A. UNIFORM COMMERCIAL CODE

  § 12A-2-103. Definitions and Index of Definitions.  

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  • Definitions and Index of Definitions.

    (1)  In this article unless the context otherwise requires:

    (a)“Buyer” means a person who buys or contracts to buy goods.

    (b)“Receipt” of goods means taking physical possession of them.

    (c)“Seller” means a person who sells or contracts to sell goods.

    (2)  Other definitions applying to this article or to specified parts thereof, and the sections in which they appear are:

    “Acceptance”.  Section 2-606 of this title.

    “Banker's credit”.  Section 2-325 of this title.

    “Between merchants”.  Section 2-104 of this title.

    “Cancellation”.  Section 2-106(4) of this title.

    “Commercial unit”.  Section 2-105 of this title.

    “Confirmed credit”.  Section 2-325 of this title.

    “Conforming to contract”.  Section 2-106 of this title.

    “Contract for sale”.  Section 2-106 of this title.

    “Cover”. Section 2-712 of this title.

    “Entrusting”.  Section 2-403 of this title.

    “Financing agency”.  Section 2-104 of this title.

    “Future goods”.  Section 2-105 of this title.

    “Goods”.  Section 2-105 of this title.

    “Identification”.  Section 2-501 of this title.

    “Installment contract”.  Section 2-612 of this title.

    “Letter of credit”.  Section 2-325 of this title.

    “Lot”.  Section 2-105 of this title.

    “Merchant”.  Section 2-104 of this title.

    “Overseas”.  Section 2-323 of this title.

    “Person in position of seller”.  Section 2-707 of this title.

    “Present sale”.  Section 2-106 of this title.

    “Sale”.  Section 2-106 of this title.

    “Sale on approval”.  Section 2-326 of this title.

    “Sale or return”.  Section 2-326 of this title.

    “Termination”.  Section 2-106 of this title.

    (3)  “Control” as provided in Section 7-106 of this title and the following definitions in other articles apply to this article:

    “Check”.  Section 3-104 of this title.

    “Consignee”.  Section 7-102 of this title.

    “Consignor”.  Section 7-102 of this title.

    “Consumer goods”.  Section 1-9-102 of this title.

    “Dishonor”.  Section 3-502 of this title.

    “Draft”.  Section 3-104 of this title.

    (4)  In addition, Article 1 of this title contains general definitions and principles of construction and interpretation applicable throughout this article.

Added by Laws 1961, p. 74, § 2-103.  Amended by Laws 1994, c. 46, § 2, eff. Sept. 1, 1994; Laws 2000, c. 371, § 148, eff. July 1, 2001; Laws 2005, c. 140, § 42, eff. Jan. 1, 2006; Laws 2005, c. 473, § 1, emerg. eff. June 9, 2005.

Note

NOTE:  Laws 2005, c. 139, § 24 repealed by Laws 2005, c. 473, § 3, emerg. eff. June 9, 2005.